Nr. 1 – Nikkei225 1990 vs S&P500 today

The left side of the chart shows the Nikkei225 over the period 1986-1990. As you can see, the purple arrow was followed by a rising wedge, and resolved with a break to the upside –> vertical market into the red ellipse.

On the right side, we see the S&P500 since the 2016 low. Just like the Nikkei225 pattern, the S&P500 formed a rising wedge after the purple arrow and price broke out to the upside, going vertical. Once the vertical move is done, expect gravity to kick back in and continue the pattern –> 1st test of blue support @ 2200 during Q2 / Q3 of 2018.

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